In 2022, Empower managed to achieve $62B in retirement plan sales, making it the second largest retirement plan provider in the U.S. Market Size/Growth.
With high returns using Empower’s own investment calculator, fees are moderately low at 0.08% for investments between $100,000-$200,000:Returns.
After earning 41 top ratings and accommodation from clients, the Colorado Public Employees Retirement Association selected the company to administer $5B in DC retirement plans.
Ever since its preliminary founding in 1891, Empower has been about financial freedom and ease of management of finances and investments: Mission with their dashboard that enables the client to oversee and control all of their assets and liabilities with a click of a button., e.g. Exposure to Asset Class.
How you make money
After the initial investment of $100,000, the aggregate of the investment account will trigger a qualified lead, making the lead eligible for commission payment such as an 8% return rate over a period of three years.
How Empower makes money
Empower makes its money using slightly above average management fees between 0.49%-0.89% depending on the investment amount and average investment expense ratios of 0.08%.
Is it safe?
Empower has gained worldwide recognition from entities like Investopedia, Plansponsor, and Financial Advisor.